CBAK Energy Secures Major Battery Supply Deal with Jemmell for Next-Generation Mini EVs

DALIAN, China — CBAK Energy Technology, Inc. (NASDAQ: CBAT), a prominent lithium-ion battery developer and clean energy solutions provider based in China, has unveiled a significant partnership with leading automaker Jemmell. The collaboration, formalized through a strategic arrangement between CBAK’s subsidiary Nanjing CBAK New Energy Technology Co., Ltd. and Jiangsu JPK New Energy Co., Ltd. (a Jemmell affiliate), centers on the development and delivery of advanced cylindrical battery systems tailored for Jemmell’s A00-grade compact electric vehicles.

Partnership Scope and Market Opportunity

Under the framework established by both parties, Nanjing CBAK and JPK will jointly engineer a high-performance EV power battery platform designed to support diverse operational requirements. The battery manufacturer will deliver innovative energy storage solutions that integrate seamlessly across multiple use scenarios, enhancing vehicle efficiency and market competitiveness.

Jemmell’s A00-class mini passenger vehicles rank among China’s top-selling models in the compact EV category, positioning this collaboration to capture substantial market demand. Industry analysts project the agreement could generate revenues reaching tens of millions of RMB for CBAK Energy, contingent upon production volumes and actual battery shipments over the partnership term.

Strategic Significance and Market Expansion

Yunfei Li, Chief Executive Officer at CBAK Energy, underscored the commercial importance of this arrangement: “The partnership with JPK and Jemmell demonstrates strong market validation for our cylindrical battery technology in the EV and light electric vehicle segments. We view this framework agreement as a cornerstone for mutual growth in an increasingly dynamic market landscape.”

The deal reflects growing recognition of CBAK’s technological capabilities in the high-power battery sector, particularly as China’s mini electric vehicle segment experiences rapid expansion driven by urbanization and environmental policies.

About the Companies

Jemmell operates as a Jiangsu-based electric vehicle manufacturer specializing in research, development, manufacturing, and distribution of battery-powered passenger vehicles. The company maintains affiliations with JP Group, recognized as one of China’s largest light electric vehicle producers.

CBAK Energy Technology, Inc. stands as a leading innovator in China’s lithium-ion battery industry, focusing on the research, production, and commercialization of high-performance battery systems. Its product portfolio serves electric vehicles, light electric vehicles, power tools, grid energy storage, uninterruptible power supplies (UPS), and industrial high-power applications. Since becoming the first Chinese lithium battery manufacturer listed on Nasdaq in January 2006, CBAK Energy has maintained operational centers in Dalian and Nanjing, supported by extensive R&D and manufacturing infrastructure in Dalian. Additional company information is available at www.cbak.com.cn.

Investor Contact: CBAK Energy Technology, Inc. Investor Relations Mr. Thierry Jiewei Li Phone: 86-18675423231 Email: ir@cbak.com.cn